HELOC EXPERT GLOSSARY

Terms Starting with H

Plain-English definitions for HELOCs, home equity loans, refinancing, DSCR, VA lending, underwriting, credit, title and closing.

Each letter has its own permanent glossary page for easier browsing and linking.

A credit report request made in connection with an application that can be visible to other creditors.

Property insurance covering specified risks; mortgage lenders commonly require acceptable coverage.

Home equity line of credit; an open-end line secured by home equity that allows repeated borrowing up to an available limit under the account terms.

The difference between a property's current value and debts secured by the property.

A loan secured by home equity that generally provides funds as a lump sum and is often structured with fixed payments.